The Argentine president deleted the original tweet at 11:38 and published a tweet distancing himself from the meme coin project, broadly indicating that "after understanding, he no longer supports the project". Upon hearing this, the price of LIBRA fell below 0.2 dollars.
President Milei is known for his libertarian stance and radical economic reforms, committed to reducing the size of government and combating inflation. His involvement in the cryptocurrency sector aligns with his overall economic strategy, as he has been promoting free market principles and reducing government intervention. His government has made progress in deregulation, cutting public spending, and stabilizing the Argentine economy through market-oriented reforms.
However, the community's reaction to this move has been mixed. Cryptocurrency supporters view it as yet another revolutionary breakthrough, embedding political ideology directly into the digital economy. Critics question whether issuing potentially speculative financial assets is ethical and express concerns about potential conflicts of interest or abuse of influence.
Posts on the X platform present various viewpoints; some people are excited about the president's direct involvement in cryptocurrency, while others are skeptical about the long-term viability and motives behind the issuance of the coin, along with concerns about fraud.
According to information shared by Bloomberg analyst James Seyffart, he and another analyst Eric Balchunas analyzed the existing cryptocurrency spot ETF application documents. They currently believe that the probability of approval is ranked from high to low as Litecoin (LTC), Dogecoin (DOGE), Solana (SOL) and XRP.
James Seyffart further pointed out that in the short term, the XRP and DOGE ETF applications may be formally accepted by the SEC, but on the other hand, the SEC is now clarifying the legal status of cryptocurrencies, which may affect the ETF approval progress and market supervision methods in the medium term.
According to Binance founder CZ, he can understand the two aspects of meme coins, but he also cannot judge which side is wrong:
Potential arguments in support of meme coins:
Cryptocurrency is not a zero-sum game. Some people who buy $Trump may not have been exposed to cryptocurrency before, so this might slightly help the overall growth of the field. When the President of the United States issues a meme coin, it also somewhat validates the value of cryptocurrency. Some people in the crypto space are purely speculators who pursue market volatility. Potential arguments against meme coins:
No practical use or long-term value. Lack of intrinsic value (this has also been said about Bitcoin before). Short-term greed and other phenomena. CZ then pointed out that in the decentralized crypto world, everyone has the right to choose to participate. At the same time, he also mentioned that he has never bought meme coins or NFTs.
But I believe that virtual currency is bound to be the trend of the future, so I am still quite optimistic about meme coins.
What is the Ethereum ETF? According to financial news, with the rapid development of blockchain technology, the cryptocurrency market has gradually become the focus of global investors. Among them, Ether (ETH) is the base currency of Ethereum and the second largest cryptocurrency after Bitcoin. Ethereum has many characteristics that are different from Bitcoin, and its market position and potential cannot be underestimated. An Ethereum ETF is an investment vehicle designed to track the price performance of Ethereum (ETH). An ETF is essentially an open-end fund that allows investors to indirectly invest in a basket of assets by purchasing fund shares without owning those assets directly.
When will the Ethereum ETF be launched?
On May 23, 2024, the U.S. Securities and Exchange Commission (SEC) approved the application for the listing and trading of spot Ethereum ETFs on exchanges, including eight spot Ethereum funds listed and traded on three different exchanges. Prior to this, only Ethereum futures ETFs were approved for trading in the United States. According to market analysis, although the listing of these ETFs failed to trigger the same frenzy as the listing of Bitcoin ETF, it is still a big step for cryptocurrency to enter the traditional investment field. Ethereum is second only to Bitcoin in market capitalization, with a total market value of approximately $400 billion, far higher than the third-ranked cryptocurrency. However, Bitcoin’s market cap is still over $1.3 trillion, making Ethereum look like a slight underdog.
I hope to help the buyers who were seriously injured in the previous wave recover some of their losses.
#美国加征关税 According to news reports, "Donald Trump has imposed new tariffs on goods from Canada, Mexico, and China. The President of the United States signed an executive order imposing a 25% tariff (or import tax) on all imported goods from Canada and Mexico to force both countries to strengthen their efforts against illegal immigration and drug smuggling. Goods from China will also face an additional 10% tariff "on top of existing tariffs" until China curbs fentanyl smuggling. He had previously promised to impose a 60% tariff on Chinese goods and had considered a 200% tariff on certain car imports. Tariffs are central to Trump's economic policy, as he believes they are a means to promote economic growth, protect jobs, and increase tax revenue.
During the campaign, he told voters that these taxes "will not be a cost you have to bear, but a cost borne by other countries." However, almost all economists believe this claim is misleading.
Oren Cass, director of the conservative think tank American Compass, argues that tariffs can motivate companies to keep more manufacturing in the United States, which helps national defense and supply chain security. Nevertheless, the Biden-Harris administration has retained many of the tariffs implemented after 2018 while strongly criticizing Trump’s proposal to extend them. Additionally, the Biden administration has imposed new tariffs on products imported from China, such as electric vehicles, justifying these actions on grounds of national security, American industrial policy, and unfair domestic subsidies from Beijing.
Therefore, I believe this is not a correct policy and may severely impact cryptocurrency prices.
#币安上线BERA According to news reports Binance, the world’s largest cryptocurrency brokerage, announced on Wednesday the issuance and listing of (5) Berachain Project (BERA). A total of 10 million tokens will be distributed to users of brokerage firms that use the simple income service.
Bera’s listing on Binance is scheduled for this Friday (6), with 6 pairs being accepted for negotiation.
Prior to this, in January, the broker had executed a 500 million AnimeCoin (anime) airline. According to CoinMarketCap data, the anime’s run volume was down 77% at the time of release. While every project is different, this information may be useful to investors.
Binance announces Airdop for Berachain project
Berachain is the first blockchain built on the concept of Proof of Liquidity, rewarding its users based on the liquidity they provide to the network. That is, for example, alternative models like Bitcoin’s Proof of Work and Ethereum’s Proof of Stake.
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In total, Binance will distribute 10 million BERA tokens to users who use the Easy Earn product between January 22 and 26. The amount to be allocated is 2% of the total project quotation.
“Several snapshots will be taken from the user’s balance and the Doapool balance at any time to calculate the average balance of an average hourly user of a simple income (flexible and/or locked) product,” the broker explained.
“Binance will use historical snapshots of user balances after this ad to calculate rewards.” Binance reveals listing of Airdop and Berachain projects (BERA).
The market expects the coin to trade in the range of $6 to $10
Since BERA is not listed on any broker yet, some users are trying to guess what the value of the project will be once it launches. According to bets from Polymarket, the cryptocurrency is expected to reach a market cap of $3 to $5 billion.
Users stake Berachain’s market value (BERA) at launch. Source: Polymarket. I am still optimistic about BERA coin
According to news reports, the price of Bitcoin is supported by two major sources, namely Bitcoin ETF and MicroStrategy (US: MSTR). MicroStrategy, a "big coin holder" that has entered the Nasdaq 100 Index, continues to buy Bitcoin and has bought Bitcoin every Monday since December last year.
However, MicroStrategy announced that it did not sell any equity to raise funds and did not buy any Bitcoin between January 27 and February 2.
MicroStrategy announced on January 30 that it had issued 7.3 million 8% Series A perpetual exercise preferred shares at a price of US$80 per share, with total net proceeds of US$563.4 million. The issuance is expected to be completed on February 5, 2025, and the funds will be used for general corporate purposes, including the acquisition of Bitcoin.
Previously, MicroStrategy announced on January 27 that from January 21 to 26, the company sold 2.765 million new shares and raised US$1.1 billion. As of January 20, there were still $4.35 billion in shares available for issuance and sale.
MicroStrategy also announced that from January 21 to 26, the company purchased 10,000 bitcoins, involving a capital of US$1.1 billion, with an average purchase price of US$105,596.
MicroStrategy holds 471,000 bitcoins with a total purchase amount of US$30.4 billion and an average purchase price of US$64,511.
Therefore, I still think that Bitcoin is bullish in the future
According to experts: The idea of a strategic reserve of Bitcoin is different from traditional reserve assets. Bitcoin lacks the historical support of national institutions and geopolitical forces, but this is precisely the key. It represents a new paradigm: no state backing, no single point of failure, fully global and politically neutral. Bitcoin offers an alternative that operates outside the constraints of the traditional financial system.
While many see Bitcoin as a breakthrough in computer science, its true innovation is much more profound: it redefines how economic activity is coordinated and how value is transferred across borders. As a decentralized, trustless system (over which its anonymous creators exert no control), the Bitcoin blockchain serves as a neutral, universal ledger, an independent framework for recording global credits and debts without relying on central banks, financial institutions, political unions, or other intermediaries. This not only makes it a technological advancement, but also structurally changes the way financial coordination works on a global scale.
Therefore, I still think that from the perspective of convenience and liquidity, I am still optimistic that Bitcoin will rise.
🚀 Bitcoin has rocketed past 109k, smashing ATHs! Where's it going next? Drop your prediction for this week's $BTC closing price in the comments of this post 👇 🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! *Campaign Period: 2025-01-20 07:30 to 2025-01-26 20:00 (UTC) ‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry. Terms and Conditions: This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-26 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-26 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of same predictions by multiple users, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 14 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelinesor Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
🚀 Bitcoin has rocketed past 109k, smashing ATHs! Where's it going next? Drop your prediction for this week's $BTC closing price in the comments of this post 👇 🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! *Campaign Period: 2025-01-20 07:30 to 2025-01-26 20:00 (UTC) ‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry. Terms and Conditions: This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-26 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-26 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of same predictions by multiple users, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 14 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelinesor Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
The crypto market has rebounded collectively, and various virtual currencies have risen significantly in recent days, which may be related to the relevant news from the Associated Press a few days ago. According to cryptocurrency analyst CobraVanguard, after reaching the $105,000 level, the price of Bitcoin formed a cup-handle pattern and entered an upward phase. Based on this bullish formation, analysts have predicted price targets that Bitcoin could reach after entering an upward phase. In a post on TradingView, CobraVanguard predicts that Bitcoin price could rise to $123,000 as a cup-and-handle pattern forms. Analysts say Bitcoin is currently in a large cup-with-handle pattern, and if it follows this pattern, its price will usher in a strong upward trend. The chart he provided shows that Bitcoin could reach a target price of $123,000. Therefore, I think now is the right time to enter the market! I wonder what you all think?
#美联储维持利率不变 US President Trump (Trump) held his first Federal Reserve meeting since taking office last week. On Wednesday, the Federal Reserve announced that the Federal Open Market Committee (FOMC) decided to keep the federal funds rate unchanged, maintaining the target range at 4.25% to 4.5%.
The Federal Reserve has raised interest rates a total of 525 basis points from March 2022 to July 2024, and from September 2024, has cut rates in three consecutive meetings, totaling a reduction of 100 basis points.
Federal Reserve Chairman Jerome Powell stated at Wednesday's press conference that the Fed does not need to rush to adjust its monetary policy stance, as inflation remains somewhat elevated. President Trump explicitly expressed his hope for the Federal Reserve to lower interest rates.
I believe that the Federal Reserve will definitely lower interest rates this year, and the next rate cut should be around June 2025.
According to data from the Chicago Mercantile Exchange Group (CME Group), the market expects the federal funds rate to fall to about 3.9% by the end of 2025, with a 61% chance of two rate cuts this year (each by 0.25 percentage points). Following this decision, the stock market declined after the Federal Reserve's statement.